Institutions: Crypto market sentiment remains subdued, which could trigger a "surprise rebound" this month

ChainCatcher News, the crypto market analysis firm Santiment stated that as traders' fear continues to rise, the crypto market may see an "unexpected rebound" in November. Historical data shows that when the market is generally panicked, funds often flow from "weak hands" to long-term holders (so-called "diamond hands"), thereby accumulating momentum for a rebound.

Santiment believes that this deterioration in sentiment may actually be "good news for patient investors," because when more panic selling occurs in the market, long-term holders will take the opportunity to accumulate. "When the public turns negative on assets, especially the highest market cap crypto assets, it usually means the market is approaching a capitulation point."

"Once retail investors sell, key holders will seize the opportunity to accumulate and drive prices up. It's not a question of 'if it will happen,' but simply 'when it will happen.'"

Santiment's data shows that overall sentiment towards crypto assets on social media is declining, but this is actually a typical contrarian signal.